Global Function-as-a-Service Market is expected to grow at a CAGR of 33.0% over period 2016 to 2021

the infrastructure by offering a platform to create, run, and manage applications. Function-as-a-service basically is a distributed system that enables to use computation from the cloud through an API.Function-as-a-service involves an event driven mechanism wherein the code or function is executed whenever a certain event is triggered. In function-as-a-service the cloud provider takes the responsibility of finding the server for the execution of this code or function written by the users. The function-as-a-service is believed to be one of the most efficient offering as it comprises of paying for only those resources that are consumed during execution.

In function-as-a-service the applications determine when and how much amount of resources are to be used in the cloud. As a result, the users are freed from the burden of managing the applications. In line with this, the function-as-a-service market is also driven by other factors comprising of the ability to easily create, deploy, and run applications, and increasing adoption of serverless architecture.

Segments Covered:

The report segments the function-as-a-service market by application, by deployment model, by service type, by user type, by vertical and by region. The application includes research and academic application, web-based and mobile application and others (stream processing and media processing). The deployment model includes hybrid cloud, private cloud and public cloud. The service type includes API management service, automation and integration service, micro service monitoring and management service, support and maintenance, training and consulting and among others (metering and billing). The user type includes Developer-Centric function-as-a-service and Operator-Centric function-as-a-service. The vertical includes BFSI, consumer goods and retail, government and public sector, healthcare, manufacturing, media and entertainment, telecommunication and IT and among others.

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. North America leads the function-as-a-service market followed by Europe and Asia-Pacific.The function-as-a-service market in Asia-Pacific is projected to reflect highest CAGR over the forecast period. The attractiveness of the function-as-a-service market in the Asia-Pacific region is result of increasing adoption of serverless architecture that results in the decrease in operational cost.

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of function-as-a-service globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider.The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of function-as-a-service. Moreover, the study highlights current market trends and provides forecast from 2015 to 2021. We also have highlighted future trends in the function-as-a-service market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the function-as-a-service market to understand the present and future trends in this market and formulate their strategies accordingly.

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